HAL - Halliburton: Downside Risk Emerging
2024-06-05 16:59:58 ET
Summary
- Halliburton's business continues to tread water, with improvements internationally largely being offset by weakness in North America.
- While Halliburton remains optimistic, some economic data and a reduction in OPEC supply cuts are now pressuring Halliburton's share price.
- Halliburton's stock may appear relatively inexpensive, but its margins are unlikely to be maintained at current levels.
While Halliburton's ( HAL ) North America business has been challenged over the past 12 months, this is currently being offset by increased activity internationally. The company's profits continue to edge higher, but this hasn't mattered to the share price, which has been fairly range bound over the past two years....
Halliburton: Downside Risk Emerging